Updated Jul 31, 2026
Dana Martucci Secures $40.5 Million Refinance Loan For 769-Unit Multifamily Property In Coram NY
50 Gibbs Road
$40,500,000
$21/SF
Building Size
1,890,504 SF
Asset Type
MultiFamily
Closing
Jul 30, 2026
About this deal
AI
The property asset involved in the transaction is located at 50 Gibbs Road, Coram, NY. This multifamily asset covers a total square footage of 1,890,504 and comprises 769 units, with a loan amount of $40,500,000 for refinancing. The loan has terms set for a duration of 10 years.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $40,500,000
- Loan Type: Refinance
- Loan Terms: 10 Years
- Lender: National Commercial Bank (NCB)
- Borrower: Dana Martucci
- Landlord's Representative: Sam Lefkowitz
Key individuals involved in the deal include Dana Martucci as the borrower, securing the refinancing from National Commercial Bank (NCB). The landlord's representative for the transaction is Sam Lefkowitz, who is instrumental in facilitating the negotiation of the loan terms.
On the Map
$40,500,000
$21/SF
MultiFamily
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Coram MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93